Hong Xu Sells 175,054 Shares of Alibaba Group (NYSE:BABA) Stock
MarketBeat
Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) CFO Hong Xu sold 175,054 shares of the company's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $12.15, for a total transaction of $2,126,906.10. Following the completion of the transaction, the chief financial officer owned 280,496 shares in the company, valued at $3,408,026.40. This represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NYSE:BABA